Japanese Candlesticks Analysis
Japanese candlesticks analysis is one of the classic tools for analyzing the currency market. The most important candlestick components here are the open, the close, the high, and the low. The color of candlesticks, black or white, depends on the ration between the security price when the candlestick opened and closed.
06.09.2019
Japanese Candlesticks Analysis 06.09.2019 (GOLD, NZDUSD)
GOLD continues trading close to the ascending channel’s upside border, while NZDUSD is testing the descending channel’s upside border.
05.09.2019
Japanese Candlesticks Analysis 05.09.2019 (EURUSD, USDJPY)
After rebounding from the descending channel’s downside border, EURUSD is still moving upwards; USDJPY continues trading sideways after testing the descending channel’s downside border.
04.09.2019
Japanese Candlesticks Analysis 04.09.2019 (USDCAD, AUDUSD)
USDCAD is reversing, while AUDUSD is testing the horizontal resistance level after breaking the descending channel.
03.09.2019
Japanese Candlesticks Analysis 03.09.2019 (GOLD, NZDUSD)
GOLD continues trading close to the ascending channel’s upside border, while NZDUSD is still trading downwards.
02.09.2019
Japanese Candlesticks Analysis 02.09.2019 (EURUSD, USDJPY)
After rebounding from the descending channel’s upside border, EURUSD is still moving downwards; USDJPY continues trading sideways after testing the descending channel’s downside border.
30.08.2019
Japanese Candlesticks Analysis 30.08.2019 (USDCAD, AUDUSD)
USDCAD is reversing, while AUDUSD is testing the horizontal support level within the descending channel.
29.08.2019
Japanese Candlesticks Analysis 29.08.2019 (GOLD, NZDUSD)
GOLD continues testing the ascending channel’s upside border, while NZDUSD is still trading downwards.
28.08.2019
Japanese Candlesticks Analysis 28.08.2019 (EURUSD, USDJPY)
After rebounding from the descending channel’s upside border, EURUSD is still moving downwards; USDJPY continues growing after testing the descending channel’s downside border.